Why is Risk Management Necessary in Business?

[Suba]

In the business world, risk will be closely related to all activities carried out in operating a business, because risks can occur anywhere and at any time and also often risks cannot be avoided so it will become a serious problem to anticipate all possibilities that will occur which can have a negative impact on the business. business and company employees. Through risk management, businesses can evaluate, understand and take the necessary actions to anticipate losses that may occur.

 

[Stardom22]

Everything in this life we have to risk for them. As entrepreneurs we are being encouraged to be risk takers as always.

 

[Starmix]

It's important to manage risks to avoid panic and loses in case there's a sudden fire nearby, robbery nearby or shooting incident nearby. The management must initiate action to be done in case incidents like these happen. The management must see to it fire extinguishers are installed and emergency exits are already set.

 

[eLdavis]

Though risk is pretty common in every business today, but risk management is extremely important, it prevents us from taking unnecessary risk that would harm our business.

 

[Augusta]

Nanagement of business risk is about taking the necessary actions to reduce losses

 

[Starmix]

It is very important to manage risk to avoid a problem, or to avoid it. Risks are always around in business.